Expenditures of the Russo-Japanese war / by Gotaro Ogawa.

RESOURCES FOR DEFRAYING WAR EXPENSES

9I

yen for 1904-5, some 60,030,000 yen for I905-6, and some
80,7IO,000 yen for I906-7; and that for the communication
taxes and stamp revenue was some 3,230,000 yen for 1904-5,
some 21,660,000 yen for I905-6, and some 24,630,000 yen
for I906-7. In a word, every fiscal year witnessed an increase
in the revenue of all taxes; but the revenue of the indirect
taxes increased most rapidly, so much so, indeed, that in I906 -7 it exceeded the revenue of the direct taxes, although it
stood far below the latter in I904-5.
THE SPECIAL ACCOUNT FUNDS, THE ANNUAL ACCOUNT,
SURPLUS, ETC.
As mentioned above, various funds belonging to the special
account funds, the war-fund contributions, the miscellaneous
revenue, and the annual account surplus (which includes the
reserve funds), in addition to the revenue from national bonds
and taxes, were adopted in the budget as sources of revenue
for war expenditures. Besides these, the sale of government
property, transportation earnings, and the special revenues
were also included in the sources of revenue for the war costs.
The actual revenue from those sources, except the annual
account surplus, amounted to some 124,300,000 yen against
the estimated revenue of 69,250,000 yen, including the special
account funds, war-fund contributions, and miscellaneous
revenue. The details are tabulated at the top of page 92.
Some 7,790,000 yen of the annual account surplus was apportioned in the budget to the war-time military expenses,
and some 140,580,000 yen to the war-time administrative
expenses. The total was 148,381,850 yen, but the annual
account surplus considerably increased later.
The surplus of the annual accounts occupied an important
place, therefore, next to the increase of taxation, among the
sources of revenue for the war funds. In order to increase
this surplus, drastic retrenchments were effected in the ordinary expenditures of 1904-5 and 1905-6, while at the same time
not only were new enterprises put off as much as possible
to avoid expense, but rigid economy or postponement was